Hoboken & Jersey City Distressed Property Numbers and How to Prevent Becoming One

Hoboken and Jersey City are not immune to the foreclosure wave that has been sweeping across the U.S. over the past 2 years.

Realty Trac, the leading online marketplace for foreclosure properties released its Year-End 2010 U.S. Foreclosure Market Report™ which showed 3,825,637 foreclosure filings-default notices, scheduled auctions and bank repossessions which was an increase of 2% from 2009 and an increase of 23% from 2008.

Following are the current statistics from Realty Trac’s site for Hoboken and Jersey City. The statistics include condos, single and multiple family homes.


Pre-foreclosure: 114

Auction: 2

Bank owned: 21

Jersey City:

Pre-foreclosure: 2124   (yes two thousand and twenty four!)

Auction: 62

Bank owned: 296

If you or someone you know is at risk of foreclosure in Hudson County, log onto ForeclosuresHudsonCounty.com where you can find tips on foreclosure solutions.

Do NOT go into foreclosure!  There are much better alternatives such as selling your property as a short sale or applying for a mortgage modification.

Call or email me with any questions.

Edward (Eddie) Perez



Explore posts in the same categories: Hoboken Homes, Hoboken Market Statistics, Live in Hoboken

Tags: , , , , , , , , , , ,

You can comment below, or link to this permanent URL from your own site.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: